Whenever a government creates a body to regulate a trade
for the benefit
of the people, the trade gains control of the body for the
benefit of the
trade at the expense of the people.
Sorry for no help in the particular, but I remember a paper I
wrote 20 years ago making this point,
The idea, called regulatory capture is associated with George
Stigler. Posner's paper Theories of Economic Regulation, Richard
Posner, Bell Journal of Economics and management science, Vol. 5, No. 2,
pp.
335-358, 1974. brought the idea ought very clearly as I recall but I am
not aware of that
What is paranoia? The typical example is the leftist who believes
that the FBI is out to get them, or is behind every wrong in the world.
Fabio
The former is paranoia; the latter is not. The latter is a conspiracy
proposition.
Unusual beliefs are paranoid if they do not permit an
Posner's article on economic regulation distinguished it from social regulation,
which is still a separate and largely unexplained phenomenon.
See Jonathan Wiener "On the Political Economy of Global Environmental
Regulation", Georgetown Law Journal, Vol. 87, #3 (February 1999).
Alex Tabarrok
I remember seeing the quote recently, just don't remember where. I'm tempted to think
H.L. Mencken for some reason, though. Also just reread Crisis and Leviathan and
suspect it might be from there if it's not Mencken.
Daniel L. Lurker
Actual happiness always looks pretty squalid in
Fabio:
What is paranoia? The typical example is the leftist
who believes that the FBI is out to get them, or is
behind every wrong in the world.
Fred Foldvary wrote:
The former is paranoia; the latter is not.
Because it's true?
The latter is a conspiracy proposition.
Oops. ;P
Paranoia, it
Now Pete Boettke asked me if there are any peoples with the opposite
combination: bad personal culture, good political culture. The best
Prof. Bryan Caplan
Note that insistence on free markets, limited gov't, democracy, etc. is a
pretty recent phenomena - so one
Actually, these scientists are lumping together many more things than
you described, Dr. Caplan. You're too easy on them. Culture includes
every socially transmitted behavior pattern or other memes. To talk
simply about the culture of a people (as if they share a hive-mind
over space and time)
